Some say that it is pointless to compare Bitcoin to Altcoins, I think we need to do that for us to know the basics of Cryptocurrencies especially for newbies.

Bitcoin is often called as the original cryptocurrency, mother of all cryptocurrency etc.. This is the reason why blockchain technology was invented. It is also referred as "digital gold" (like the gold coin but not tangible).

So what is Altcoin or Alternative Coin? Basically, these are the coins that are not Bitcoin. Some are created to solve completely different problems in Bitcoins but some are just coins created because of certain projects. These projects are using blockchain technology to solve real-world problems in various industries.

If you will ask me what to choose between Bitcoin and Altcoin? I will say, it depends on your goal. If your goal is to have great profit but higher risk then you choose AltCoin. Less expensive than Bitcoins but have higher possibility to have greater value in the future.

Trading in Bitcoin is one of the fastest way to earn profit. How? You must learn how the basic works, there are so much info online so you better start learning the fundamentals then try it out. Experience is the best teacher, start small and start now. If you think you have gain the knowledge and you learn the skills then that is the time you to add more. Please keep in mind that in trading there are two things you should remember,  patience and right timing.

Acceptance is better than rejections. If regulation will give Cryptocurrency a great chance to be accepted worldwide then it will be great news. We can freely do whatever we wanted to do as long as we have complied with government policy and security measures. Doubts and fears from investors who wanted to invest in crypto will now be lessened if not totally gone. Expansion of businesses, enhancement of platforms and convert it to Blockchain Technology and the introduction of new technology. The possibility also of making Bitcoin or Cryptocurrency as one of the most popular alternate modes of payment will be a breakthrough for us.

The possibility also of making Bitcoin become the most popular mode of payment was great. Why? It is fast, easy and secure because it uses blockchain technology. It also connects all the countries from different parts of the world due to decentralization. I think acceptance and awareness of Bitcoin are the keys to be able to make this possible.

I agree with you but still, we need to understand what we need to know about Bitcoin. Doing something you don't understand is too dangerous to you or to the whole community involved in that certain something. For example, nowadays that there is a hype to own and buy some Bitcoins because it is on it's lower value but when the FUD comes, how can they surpassed it without understanding that this is just a part of the process.

I think it has something to do with "everything under their control" and they can get something out of it because Bitcoin is a large source of income at the expense of nothing on their part. We have to pay taxes and they will surely agree on whatever is happening about Bitcoin as long as they get what they want.

I strongly agree.
 
Nowadays almost all Internet-based applications not only Google consider Blockchain Technology as their future web-based platform. This technology will somehow help Google for cloud-based storing of data thus filtering more some fraudulent information on the internet. They can also use the technology to easily identify and detect any Plagiarism.

There are so many attractive concepts and reasons about Bitcoin that I can mention to a newbie but I have to pick 3.

1. It can give us financial freedom -  It's profitability, we can easily earn income and due to its volatility, we can have good trading experience and have good profit on a short period of time.
2. It can give us time freedom - we can do it anytime and anywhere thus giving us enough time for our family.
3. It can be a way so we can help others - We can easily share some of the ways to earn money from Bitcoin helping those people we want to help to earn extra income.

This is a really interesting topic even though this is an 8-year old topic, it really got my attention.
I wonder how much will it cost right now to have a massive attack against BTC system and if it's really worth it to do so?

What is the difference between BTC System 8 years ago and today?

I think the best thing to do is research about the basic on trading and study how you can do it while you are on your day job. Maximize your time and have a good scheduling method. It is all about discipline when you manage your time. There are so many questions that you asked but I think every question is already available on other thread. Make time to read and understand.

I cannot blame you on your decision to quit your job. But for others they have to weigh things first. If their Crypto income can sustain their family's needs and created a business that will somehow generate additional income to cover their monthly expenses. I think it is the right time to quit their job. It is our ultimate goal to be with our families and provide for their needs.

Losing is a part of learning especially in trading and investing in Bitcoin. It is for you to decide if you have to sell and accept that you lost. That's the reason why before we invest, we should know the first rule "Do not invest or trade something, we can't afford to lose.  Next time, don't put all your money on one Altcoin.

It is easier said than done but it is the right choice to make. Every situation is quite difficult especially when everyone seems to be afraid and start panicking. But having a clear mind and a positive outlook on every situation makes the difference. While others decide to stop or to sell. It is an advantage to those who buy. So what is the best way to do? Stay calm and then when the right time comes, we have to celebrate the right decision we have made.

What I can say is that everything connected to the net can be hacked. So we must be very careful on our digital wallets and we must do some precautionary measures. What would be your options for securing your wallets?

1. Paper Wallets - This is considered the safest way to store any Cryptocurrency. This can be done by having your wallet address and private keys on a piece of paper. MyEtherWallet has a function wherein we can print the details of our wallet as well as QR codes. Keep it in a safe box for more security.
2. Desktop/Mobile Wallet - As much as possible, we should have separate laptop or pc aside from what we use for trading and other internet-based activities. If it is possible, isolate the said laptop from the internet. It is for your own safety.

That's great news! If you think that it is going to fly high again then yes it is a good time to buy now.

As for me, if I have the chance and resources to do that, I will increase the potential growth of what I have right now.  I will also buy some Alt Coins because the rising up of Bitcoin will definitely affect the value of AltCoins.

I don't care if others are pessimistic about this. What I just want to say is that. Are you ready for what you are hodling right now? When the bull run comes, it will be very too late for those who are not believing that its gonna happen. Then so be it.

I remember a story about two farmers who prayed for a rain. Both farmers are praying but not both are preparing for the rain. One farmer will prepare his field so that when the rain comes then it will get all the rain it can get. Now I will ask you again. Are you ready for that rain?

I think NOTHING beats Bitcoin.

Bitcoin = CryptoCurrency

It is like instead of saying toothpaste, you will say it's Colgate. Instead of saying soft drinks, it's Coke. Bitcoin is like a landmark in the world of CryptoCurrency due to its popularity and value. And besides, the creation of Bitcoin starts the world of CryptoCurrency. Its popularity increases every day as well as it's value.

I think it is very helpful for us if we will educate those who really don't understand everything about Bitcoin. Many rumors that say that Bitcoin is a scam but the truth is the greedy people just use Bitcoin to deceive people. By doing advertisement about Bitcoin, we can simply share the advantages of this technology and how it can help an individual as well as a country to fight poverty.

I totally agree.  I think Bitcoin is better than cash in many ways. Here's some that I have in mind based on my perspective.

1. Convenience - We can have our Bitcoin wallet anywhere we go. We can buy anything online without any hassle of traveling.
2. Security - As long as nobody knows your private keys, we are secured. We are not obliged to travel with our cash. Nothing to worry about losing money.
3. Remittance - We can send money to anyone anytime as long as we have an internet connection. In case of emergency, we can easily help someone in need.
4. Trading and Investment - Bitcoin have a great possibility to grow in value.

I totally believe that Bitcoin can improve the economy of a country.

The economy depends on the buying power of the people of a country. When the unemployed people found something as a source of income or an alternative way to generate money for their families, I think the buying power of every individual will be strengthened. Thus, creating a domino effect on other aspects of the country. The more the people buy goods from the companies, the more profit the companies will be generated. The company will eventually expand their business and will produce more work. In addition to this, Bitcoin transactions were too fast compared to the existing currencies and mode of payments.